Remsons Industries Limited announced that the Company has signed the Joint Venture agreement with Mr. Vidyadhar K. Mahajan, Mr. Niranjan Mahajan ("parties") and Uni - Automation (India) Private Limited ("UNI") to make majority investment in Automotive Sensor Division of Uni-Automation, a renowned sensor technology firm. The company has signed the agreement to make a Majority Investment in Automotive Sensor Division of Uni-Automation. This strategic move marks a significant milestone in Remsons commitment to innovation and expansion within the Automotive and Off-Highway Industry.

The proposed investment aligns seamlessly with Remsons mission to deliver cutting-edge solutions that meet the evolving needs of customers. With Uni-Automations expertise in sensor technology, Remsons is poised to strengthen its position as a manufacturer of Complete Systems with Embedded sensors. The new offering of products will help widen Remsons portfolio of offerings to domestic as well as global customers.

Automotive sensor market has been growing on two counts. One deep penetration of embedded technology on legacy platforms. Second, increased adoption of Electric Vehicles which has higher per unit sensor requirements. Since Sensor requirements are platform agnostic, entering into this technology gives fillip to Remsons' new offerings to its customers.